The Goldman Sachs Group, Inc. (NYSE:GS) Shares Bought by Nissay Asset Management Corp Japan ADV

Nissay Asset Management Corp Japan ADV grew its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 240.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 134,440 shares of the investment management company's stock after buying an additional 94,972 shares during the period. Nissay Asset Management Corp Japan ADV's holdings in The Goldman Sachs Group were worth $77,462,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Stephens Consulting LLC acquired a new position in shares of The Goldman Sachs Group in the 4th quarter valued at $26,000. Asset Planning Inc purchased a new stake in The Goldman Sachs Group in the 4th quarter valued at $29,000. Curio Wealth LLC purchased a new stake in The Goldman Sachs Group in the 4th quarter valued at $30,000. Transce3nd LLC purchased a new stake in The Goldman Sachs Group in the 4th quarter valued at $31,000. Finally, Whipplewood Advisors LLC purchased a new stake in The Goldman Sachs Group in the 4th quarter valued at $34,000. Institutional investors and hedge funds own 71.21% of the company's stock.

The Goldman Sachs Group Price Performance

GS opened at $604.19 on Wednesday. The company's 50 day simple moving average is $536.62 and its 200 day simple moving average is $577.49. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The Goldman Sachs Group, Inc. has a 1 year low of $437.37 and a 1 year high of $672.19. The stock has a market capitalization of $185.39 billion, a PE ratio of 14.90, a P/E/G ratio of 0.89 and a beta of 1.32.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share for the quarter, beating analysts' consensus estimates of $12.57 by $1.55. The firm had revenue of $15.06 billion for the quarter, compared to analysts' expectations of $14.99 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. During the same period in the previous year, the company posted $11.58 earnings per share. As a group, sell-side analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be given a dividend of $3.00 per share. The ex-dividend date is Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a yield of 1.99%. The Goldman Sachs Group's dividend payout ratio (DPR) is 27.85%.

Insider Transactions at The Goldman Sachs Group

In related news, Director John B. Hess purchased 3,904 shares of the company's stock in a transaction that occurred on Tuesday, April 15th. The stock was acquired at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the completion of the purchase, the director now owns 3,904 shares in the company, valued at approximately $1,997,598.72. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.55% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on GS. Citigroup reduced their price target on shares of The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating for the company in a research report on Monday, March 24th. Daiwa America downgraded shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Royal Bank of Canada cut their price objective on shares of The Goldman Sachs Group from $610.00 to $560.00 and set a "sector perform" rating for the company in a research report on Tuesday, April 15th. Daiwa Capital Markets downgraded shares of The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 price objective for the company. in a research report on Friday, April 4th. Finally, JPMorgan Chase & Co. cut their price target on shares of The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating for the company in a report on Thursday, April 3rd. Thirteen research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $593.40.

The Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and relationship lending, and acquisition financing, as well as secured lending, through structured credit and asset-backed lending and involved in financing under securities to resale agreements.

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